The Glimpse Group (NASDAQ:VRAR) Stock Price Down 2.7% – What’s Next?

Shares of The Glimpse Group, Inc. (NASDAQ:VRAR) traded down 2.7% during trading on Monday . The stock traded as low as $0.5902 and last traded at $0.6242. 8,601 shares changed hands during trading, a decline of 92% from the average session volume of 107,255 shares. The stock had previously closed at $0.6413.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on VRAR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of The Glimpse Group in a research note on Monday, December 29th. Westpark Capital reiterated a “buy” rating and issued a $2.62 target price on shares of The Glimpse Group in a report on Thursday, December 18th. Finally, Wall Street Zen lowered The Glimpse Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $2.62.

The Glimpse Group Price Performance

The business’s 50-day simple moving average is $0.86 and its two-hundred day simple moving average is $1.18. The stock has a market capitalization of $13.16 million, a price-to-earnings ratio of -3.47 and a beta of 1.21.

The Glimpse Group (NASDAQ:VRAR) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($0.06) earnings per share (EPS) for the quarter. The Glimpse Group had a negative return on equity of 24.98% and a negative net margin of 50.18%.The business had revenue of $1.30 million during the quarter.

Institutional Trading of The Glimpse Group

Several large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP increased its holdings in The Glimpse Group by 78.4% in the 3rd quarter. GSA Capital Partners LLP now owns 26,683 shares of the company’s stock valued at $44,000 after purchasing an additional 11,727 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of The Glimpse Group during the third quarter worth about $36,000. XTX Topco Ltd acquired a new position in shares of The Glimpse Group during the second quarter worth about $46,000. Susquehanna International Group LLP boosted its position in shares of The Glimpse Group by 250.4% in the third quarter. Susquehanna International Group LLP now owns 78,786 shares of the company’s stock worth $129,000 after buying an additional 56,303 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of The Glimpse Group in the fourth quarter valued at about $56,000. 21.41% of the stock is currently owned by institutional investors and hedge funds.

About The Glimpse Group

The Glimpse Group, Inc (NASDAQ: VRAR) is a publicly traded holding company focused on the development and deployment of augmented reality (AR) and virtual reality (VR) software and services. Headquartered in New York City, the company operates through a network of wholly owned subsidiaries that specialize in immersive content creation, proprietary platform development, and enterprise-grade XR (extended reality) solutions. Glimpse Group’s core mission is to accelerate adoption of digital reality technologies across business, education, healthcare, entertainment, and marketing sectors.

Through its portfolio companies, the Glimpse Group delivers end-to-end services that span strategy, design, development and deployment of AR/VR applications.